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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

1) You may only apply after you reached your birthdate or after you passed your birthdate. It means you have to miss this BTO exercise in Aug.

2) The grant can be used like it is in your CPF OA. It is not a discount so-called. It is the extra money you received from the government.
In the future when you sell your flat, this amount will be refunded into your CPF OA as if it came from your CPF OA.
The only thing is although HDB loan provides you a 90% loan, you may only need $20k for this purchase. This grant reduces the amount of loan need for this purchase. You cannot choose to use lesser.
The current HDB loan policy allows you to keep $20k in your CPF OA for rainy days. Thus if you have only $20k in your current OA. You will be able to receive a loan of $160k from HDB.

3) If your spouse also owns an HDB, your spouse's HDB also did not meet MOP when you get married. You may appeal to the HDB branch office to explain your situation and request to sell at a later date, or to sell it off before reaching MOP.
Do note that you are unable to rent the whole flat out before meeting MOP, therefore both of you also cannot enjoy passive income by renting one of them out.
If your spouse's HDB already met MOP, HDB will most properly demand you to dispose of your spouse's HDB after your marriage.

4) Inheritance:
HDB flat: No one should own 2 HDB ownership. This is to ensure fairness to all citizens.
Thus you will be demand to dispose of either one of them.
Private: You may keep it as your passive income once your flat has met MOP. If you receive an inheritance before meeting MOP, you will have to appeal to HDB in order to keep it legally.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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I try to give you the easy answer:

1) Correct, you won't be able to apply.

2) Grant money is not cash. This money is deposited into your CPF-OA. You can then use to pay for house. No need to return back. Will be treated like your own CPF-OA monies.

3) Yes your spouse can own a private property but cannot buy a HDB if you are already married. Before married, she can buy HDB if age 35.

4) Can only keep 1 HDB. Up to you which to dispose but must reach MOP.
Can keep private property, but remember need to pay BSD and ABSD as this is your 2nd property.

All the best !
- Hakim Realtor
property@hakim.sg
 9144 9841  Read More

I stand corrected on point no.4
For inherited properties, you do not need to pay stamp duties.

- Hakim Realtor
property@hakim.sg
 9144 9841  Read More